Stablecoins Take Aim at Cash Locked in Prefunding
Cross-border payments carry a working capital cost before money reaches the recipient. Payment providers frequently need funds available in advance to make payouts in other markets. For a company operating across currencies and time zones, that can mean maintaining cash in multiple bank, settlement or network accounts
Cross-border payments carry a working capital cost before money reaches the recipient. Payment providers frequently need funds available in advance to make payouts in other markets. For a company operating across currencies and time zones, that can mean maintaining cash in multiple bank, settlement or network accounts
This story was curated by Paysonas from PYMNTS.com as part of our daily payment-industry briefing. Read the original article for full details.